Dallas,Texas, May 13, 2019 (GLOBE NEWSWIRE) -- The U.S. post-acute care market is expected to reach USD 481.08 billion by 2025 growing at a CAGR of 4.3% over the study period. The health care industry is evolving and growing at a fast pace. As per the U.S. Bureau of Labor Statistics, home healthcare is projected to grow at an incredible growth rate by 2026. The main contributing factor to the growth of the home healthcare services the United States and its states is due to the growing aging population. As per the U.S. Bureau of Labor Statistics, people in the age bracket of 65 will grow from 43 million in 2012 to over 85 million in 2050. With this growth in the old age population, the demand of home health services is expected to grow.
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Since the old people cannot travel much for availing treatments to various chronic diseases, the home healthcare services will continue to provide better health outcomes and too at a lower cost as compared to inpatient care for post-acute services. The rising population of Americans over 65 is Medicare-eligible and would continue to avail the insurance benefits along with the value based care in their home without frequently visiting to hospitals and thus would minimize the overall expenses.
In terms of types, skilled nursing facilities dominated the U.S. market and is expected to maintain its dominance by 2025. On the other hand, home health segment is expected to emerge as most lucrative segment in coming years. On the basis of application, elderly segment is expected to grow at a CAGR of 5.0% by 2025 pertaining to inclination towards acute care by geriatric population compared to adults and kids.
The “US Post-Acute Care Market Size by Type (Skilled Nursing Facilities, Home Health, Inpatient Rehabilitation Facilities, Long Term Acute Care Hospitals); by Application (Child, Adult, and Elderly), by Region (West, South East, Middle Atlantic, New England, South US, Midwest) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
The US Post-Acute Care (PAC) market is consolidated in nature with presence of well-established players occupying majority of the market share across the globe. Key players include COSMAX, KOLMAR KOREA, Intercos Technology (Suzhou SIP) Co., Ltd, COSMOBEAUTY CO., LTD., TOYO BEAUTY CO.,LTD, Raphas Co., Ltd., Nox Bellow Cosmetics Co.,Ltd, COSMECCA KOREA, ESTATE CHEMICAL Co.,Ltd.
The post-acute care services is conventionally based on number of referrals. As digitalization in healthcare is tremendously changing this landscape but still the base of the post-acute care business is based in referral contacts. In order to succeed in the industry there is a need to keep a health relations and friendships with therapists, hospice staff, social workers, nurses, doctors, administrators among others. Majority of the steps can be done digitally but effectiveness enhances with physical visits.
The post-acute care service providers need to focus on hiring the older employees for its business as they would come with an experience, professionalism, and empathy and thus help in generating revenues for the service providers. Such focus areas will help new entrants to make space in highly competitive market.
Key players listed in the report are Kindred Healthcare, Amedisys Inc., LHC Group, Genesis Healthcare, and AMITA Health
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Major points from Table of Contents:
Chapter 1 Post-Acute Care (PAC) Overview
Chapter 2 United States Post-Acute Care (PAC) Market Competition By Manufacturers
Chapter 3 United States Post-Acute Care (PAC) Revenue by Regions (2013-2018)
Chapter 4 United States Post-Acute Care (PAC) Revenue by Type/ Product Category (2013-2018)
Chapter 5 United States Post-Acute Care (PAC) Revenue by Application (2013-2018)
Chapter 6 United States Post-Acute Care (PAC) Players/Manufacturers Profiles
Chapter 7 Marketing Strategy Analysis, Distributors/Traders
Chapter 8 United States Post-Acute Care (PAC) Market Size Forecast (2018-2025)
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology and Data Source
Continued…
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